Correspondence Audit
CORRESPONDENCE AUDIT
An examination of the accuracy of a taxpayer's income tax return conducted through the mail by theinternal revenue service, which sends the taxpayer a request for proof of a particular deduction or exemption taken by either completing a special form or sending photocopies of relevant financial records.
A correspondence audit is distinguishable from a field audit and an office audit in the manner in which it is conducted.
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Correspond , cor·re·spond / ˌkôrəˈspänd; ˌkär-/ • v. [intr.] 1. have a close similarity; match or agree almost exactly: the carved heads described in the poem cor… Auditing , A systematic examination of financial or accounting records by a specialized inspector, called an auditor, to verify their accuracy and truthfulness.… Correspondence , Skip to main content
correspondence
correspondence •abeyance, conveyance, purveyance •creance • ambience •irradiance, radiance •expedience, obedience… United States. Internal Revenue Service , The Internal Revenue Service (IRS) is the largest bureau within the U.S. Department of the Treasury. Headquartered in Washington, D.C., the agency is… Income Tax , An income tax is a portion of an individual or business’s earnings that is collected by the government. The income tax is charged, or levied, as a pe… Tax Rates , FLAT TAX PROVISION (ISSUE)
A flat tax taxes everybody at the same tax rate. A graduated tax taxes at different tax rates. In the late-1990s flat tax…
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Correspondence Audit